I am not sure whether IFS application entirely cater for the exact concept of predictive maintenance. Predictive maintenance goes along with a human factor which hardly can record into a system. Saying so there are certain common qualities that we can identify within predictive maintenance & preventive maintenance. If we can identify such qualities, can use them to plan within the IFS application as it has designed in a way to support preventive maintenance aspects.
Regarding the given example, it is depending upon how you are going to predict the upcoming readings. If the prediction criteria are not varying from time to time, the constant upfront time can be considered as a lead time. The lead time functionality is available in IFS Oil & Gas Extension but not in standard application.
[Lead Time : If a PM is with 90 days’ lead time, it will be generated 90 days before the Planned generation date of the PM. (Planned date found in the Maintenance Plan TAB). Lead Time is applicable for both PM Actions with calendar interval and condition]
This actually seem to be an example where the condition-based predictions can be used.
When accumulated condition-based PM action is set to Performed Value Based = Yes, user has the option of choosing which method to use to get the Value at Maintenance, in order to generate the condition-based maintenance forecast. This can be done using the Condition Forecast Configuration in the PM action/General tab. The DEFAULT value will be set as Last Measurement at Maintenance, but should in your case be changed to Predicted Value at Maintenance.
The prediction is done either by deriving next maintenance date using interpolation or, as most probably in your case, by using an average usage per day under the assumption of linear usage. In this case the formula used is
Next planned value = (Actual Last Work Task Completion Date - Previous Measured Date) * Running Average + Previous Measured Value + PM Interval
The details on this can be found in the IFS online documentation on page About PM Plan found under 7.25 PM Planning sub process. In there you’ll find the section Condition-based Maintenance Plan and in (b) The Predicted Value at Maintenance the formulas about the how the prediction is done.
Thanks @MRoslund your answer looks quite promising, I will investigate on this lead. Thanks for the response.